________ refers to an organization's ability to achieve lower costs relative to competitors through productivity and efficiency improvements,elimination of waste,and tight cost control.

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Cost leadership refers to an organization's ability to achieve lower costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control. This can give the organization a competitive advantage by being able to offer lower prices to customers or to achieve higher profit margins than competitors.

________ Refers to an Organization's Ability to Achieve Lower Costs